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Indian Food Prices to Remain High

By

Arpan Mukherjee

Updated March 22, 2010 9:11 a.m. ET

NEW DELHI --The Indian government hopes the arrival of winter-sown crops on the market from April will help lower soaring food prices in the country, but the harvest may not provide much relief beyond a few days even as analysts expect a bumper wheat crop and the federal government will likely release more wheat from its stockpile.

Food prices in India have soared and outpaced global price movements after the federal government raised the prices at which it buys grains, in a move to build up stockpiles following the country's...